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Configuring  Currencies

A Currency is the monetary unit used for financial transactions within the Portfolio Management app. The app allows users to create multiple currencies, but requires one system currency to be defined. All other currencies have a fallback exchange rate to the system currency. This ensures that Account Balances and Position Balances can always be viewed in the system currency, regardless of the transaction currency, maintaining uniformity in financial data.

The Manage Currencies console contains the list of Currencies configured in BMC Helix Portfolio Management and provides functionality to add, remove or modify the Currencies. This console is accessible to the user with the Financial Master role.   

To access the Manage Currencies console

  1. Log in to BMC Helix Portfolio Management and click Settings 1751355057435-920.png.  
  2. Select Financial Management.  
  3. Go to Currencies. The console will have the list of Currencies, if created already.  

To create a Currency

  1. Log in to BMC Helix Portfolio Management and click Settings 1751355057435-920.png.  
  2. Select Financial Management > Currencies. 
  3. Click +New to add a new Currency and fill in the following details:  

Field 

Description 

Currency Code   

The official code of the currency (e.g., USD, EUR, INR). Select from a predefined list. 

Type 

Specifies whether the currency is the System Currency or a Foreign Currency. The app allows only one System Currency. If a System Currency is already defined, this field is automatically set to Foreign Currency and cannot be edited. 

Fallback Exchange Rate to System Currency 

The conversion rate used to translate this currency into the system currency for consistent financial reporting.  

Once this new currency is created, an exchange rate is automatically added under the Manage Exchange Rate console with the same rate as defined in this field. 

4. Click Save.  

To Modify/Edit a Currency

  1. Log in to BMC Helix Portfolio Management and click Settings 1751355057435-920.png.  
  2. Select Financial Management > Currencies. 
  3. Click on the name of the Currency or select the row and click on the Edit button. This will show you the details that you provided while creating the Currencies, along with the Status as Active. 
  4. Modify the details and click Save.  
Information

Note – There is no option to delete a currency once created. However, the user can change the currencies’ status to inactive, when not required.  

 

 

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BMC Helix Portfolio Management 26.1.01